DraftKings (DKNG) Insider Report: Kalish RSUs Vest, Shares Withheld for Taxes
Rhea-AI Filing Summary
Matthew P. Kalish, President, DraftKings North America, reported multiple transactions dated 09/01/2025 relating to the vesting of restricted stock units (RSUs) and related withholding. The reporting person acquired net shares from three RSU vesting events: 22,059, 9,649, and 7,951 Class A shares (coded M). To satisfy tax withholding, the issuer withheld and disposed of 10,666, 4,666, and 3,845 shares (coded F) at a reported price of $47.98 per share. Following these transactions, the filing shows direct beneficial ownership totals in the range of about 4.21 million Class A shares, plus indirect holdings of 196,309 shares held by Kalish Family 2020 Irrevocable Trusts and 2,938 held by the Matthew P. Kalish 2020 Trust.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine executive compensation vesting with tax-withholding share disposals; no discretionary market sales disclosed.
The filing documents the vesting of RSUs granted in 2023, 2024 and 2025, with the reporting person receiving the net shares and the issuer withholding specific share amounts to satisfy taxes. Dispositions are reported under code F at $47.98 per share, consistent with issuer tax-withholding practice rather than voluntary cashing out. The reported direct beneficial ownership after the transactions remains approximately 4.21 million Class A shares, and there are additional indirect trust holdings disclosed. From an equity-liquidity perspective, these transactions reflect compensation settlement mechanics rather than active trading.
TL;DR: Standard executive equity vesting and tax-withholding documented; disclosures conform to Section 16 reporting norms.
The Form 4 clearly identifies the reporting person, relationship to the issuer (director and officer), and itemizes RSU vesting events and corresponding withholding dispositions. RSU grant schedules referenced (Feb 13, 2023; Feb 12, 2024; Feb 10, 2025) and the quarterly vesting structure are disclosed in the explanations. Indirect holdings through family and personal trusts are properly reported. The filing appears to meet required transparency for beneficial ownership changes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,059 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,649 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,951 | $0.00 | -- |
| Exercise | Class A Common Stock | 22,059 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 10,666 | $47.98 | $512K |
| Exercise | Class A Common Stock | 9,649 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,666 | $47.98 | $224K |
| Exercise | Class A Common Stock | 7,951 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,845 | $47.98 | $184K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 22,059 shares of Class A Common Stock underlying the RSUs listed in Table II, and 10,666 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 9,649 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,666 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 7,951 shares of Class A Common Stock underlying the RSUs listed in Table II, and 3,845 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. On February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023. On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024. On February 10, 2025, the Reporting Person was granted 127,211 RSUs vesting quarterly over four (4) years from March 1, 2025.
